The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 5/2/2025 -
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Lamb Westo (LW) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :
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It was the negative week for the Lamb Westo (LW). During the week, the LW gave back -0.44 points, or -0.85%, and closed at 51.50 on Friday, May 2, 2025. Weekly volume was -46% below average.

LW is a member of Consumer Staples Sector. Consumer Staples is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See LW long-term trend chart]
A long-term downtrend had started on July 25, 2023 at 117.38 and reached 47.90 on March 13, 2025. LW lost 69.48 points, or 59.19%, in 85 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 25.00 and resistance is at 75.91. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See LW medium-term trend chart]
A medium-term uptrend had started on March 13, 2025 at 47.90 and reached 60.92 on April 3, 2025. LW gained -13.02 points, or -27.18%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (51.16) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See LW weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 11, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See LW short-term trend chart]
A short-term downtrend had started on April 3, 2025 at 60.92 and reached 50.16 on April 21, 2025. LW lost 10.76 points, or 17.66%, in 18 days. The price is now at the 12.45% retracement level.

Daily Technical Indicators: [See LW daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 15, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.42
Williams' Percentage Range (W%R) 77.00
Lane's Stochastic (%D-Slow) 41.95
Greed/Fear Indicator (GFI) 33.14
Moving Average Converg./Diverg. (MACD) -0.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.44
Williams' Percentage Range (W%R) 87.50
Oversold
Lane's Stochastic (%D-Slow) 43.80
Greed/Fear Indicator (GFI) 33.39
Moving Average Converg./Diverg. (MACD) -5.28
Trading Signals
Description Value Chart
Upper Bollinger Band 56.83
Parabolic System 53.67
20 Day Moving Average 53.54
Weekly Stochastic Crossing 53.51
50 Day Moving Average 53.02
Daily Stochastic Crossing 52.15
Price 51.50
Monthly Trendline Support 51.16
Monthly Trendline Resistance 49.25
Lower Bollinger Band 49.17
Sector and Industry
Description Name Rank
Sector Consumer Staples 10
Industry Packaged Foods & Meats 64
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 53.15
High Date 05/01/2025
Low 51.37
Low Date 05/02/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 60.92
High Date 04/03/2025
Low 50.16
Low Date 04/21/2025
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 49.25
Support 51.16
Low 47.90
Low Date 03/13/2025
High 60.92
High Date 04/03/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.98
High Date 12/16/2024
Low 47.90
Low Date 03/13/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 75.91
Support 25.00
High 117.38
High Date 07/25/2023
Low 47.90
Low Date 03/13/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.